A credit card receivable is money owed to a bank or issuer on the outstanding balance in a credit card account. Because the borrower is contractually obligated to pay the balance, the creditor expects this amount to be repaid. If a borrower does not repay the balance, it is often charged off as a loss. Since credit card usage is so widespread, and account balances can soar quite high, credit card receivables form the backbone of many financial services functions, such as asset-backed securities, debt collection, and debt buying.
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Credit Card Spending Explodes in November
9 January 2008
ABA: Credit Card Delinquencies Fall, Other Loans Not So Lucky
3 January 2008
Credit Card Delinquencies and Charge-Offs Soaring: AP Study
24 December 2007
Target Card Charge Offs Rise 10%
21 December 2007
Discover?s UK Problems Lead to $84 Million Loss in Quarter
20 December 2007
EU Orders MasterCard Drop Certain Interchange Fees
20 December 2007
GE Puts Private Label Card Unit on the Block
13 December 2007
Cap One Card Charge Offs, Late Payments Rise
12 December 2007
Consumer Credit Grows 2.3% in October, All on Credit Cards
10 December 2007
Consumer Credit Grows 2.3% in October, All on Credit Cards
10 December 2007
The British Are Sinking
7 December 2007
Mortgage on Plastic, Dangerous Path to Tread
4 December 2007
Senators to Grill Card Issuers on Interest Rates
3 December 2007
Discover Takes Charge for UK Card Unit, Begins Stock Repurchase
3 December 2007
UK Consumer Debt Rises as Card Debt Plateaus
28 November 2007
Target Cards Grow 24 Percent as Retailer Plans Sale
21 November 2007
Moody?s Card Index Falls, Remains Strong
19 November 2007
Discover?s October Charge Offs Fall
19 November 2007
Merger Costs Send First Data Profits Down
15 November 2007
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15 November 2007
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